Quote of the Day
"The recognition that what I don’t know will always exceed what I do has made me a better investor. All of us can benefit from being honest about our limitations."
(Jack Forehand)
Chart of the Day
The Fed has engineered a fast, sharp tightening in financial conditions.
Markets
- The stock market typically bottoms before the economy. (theirrelevantinvestor.com)
- Higher inflation has come along with higher interest rate volatility. (capitalspectator.com)
Funds
- The bear market has boosted interest in liquid alternative funds. (wsj.com)
- Why picking a winning thematic fund is so challenging. (morningstar.com)
Work
- Workers fled big cities for rural areas in pandemic. Will they come back? (wsj.com)
- Three things to help prevent job candidates from ghosting. (hunterwalk.medium.com)
- Being a succesful 'video creator' is a tenuous experience. (hollywoodreporter.com)
Economy
- The American consumer has never been better prepared for a recession. (awealthofcommonsense.com)
- Why Bill McBride isn't on 'recession watch' just yet. (calculatedriskblog.com)
- Some product categories that are already seeing price declines. (ritholtz.com)
- Housing affordability is at its worst level since the GFC. (calculatedrisk.substack.com)
- How higher mortgage rates are working their way through the system. (nytimes.com)
Earlier on Abnormal Returns
- Personal finance links: moving the needle. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: memory bias. (abnormalreturns.com)
- The Covid-19 vaccines saved a nearly unfathomable number of people. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
